Panama City Florida Real Estate Market Update

Florida real estate market summaries: Condos and homes sales and statistics.

Found 7 blog entries about Panama City Florida Real Estate Market Update.

Panama City Realty Group

This is a First Quarter market report and analysis for Condos, Townhomes and homes for sale in Panama City and the surrounding areas in Bay County of Florida. Real estate market data and analysis is provided by The Panama City Realty Group and Bay County Association of Realtors.

Excluded are Mobile and Manufactured homes.

The following numbers represent the difference between 2015 and 2016. We are primarily a 2nd home and vacation home market and as such, our numbers are highly subjective when in an election year

Condominiums and Townhomes

  • Inventory has increased approx 2% over last year
  • Prices have decreased approximately by 10%
  • There are approximately 10% less listings available last quarter than in 2015 

These number

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Panama City Realty Group

This is a market report for Condos, Townhomes and homes for sale in Panama City and the surrounding areas in Bay County of Florida. Real estate market data and analysis is provided by The Panama City Realty Group.

Average sale price for a condo was $223,390 where the average price for a home was $193,648! The inventory supply of condos remains steady at 8.6 months and the supply for homes remains at 7.1 months!

This means we remain in a mixed market for both buyers and sellers, with plenty of inventory available!

Excluded are Mobile and Manufactured homes.

 

 Condos and Towmhomes Single Family Homes
Panama City Real Estate market summary

Panama City Real Estate Condo Market Summary 

If you're interested in purchasing or selling a condo or home in Panama City or Panama City Beach

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panama city beach realtor

Real Estate Market Update - April 2013

We are once again pleased to provide our customers with our monthly real estate market updates. Over the past several months our MLS has gone through several changes. We've avoided publishing the market update while waiting for those changes to settle and finalize.

 

Summary

This report describes member activity for the Bay County association and is not confined to any specific geographic area.panama-city-real-estate-coverage-map-sm_216

Overall, median prices for single family homes continue to rise, as do prices for condos and townhomes.

In addition, the average number of days on market (DOM) continues to decrease for both Single family homes and condos an townhomes.

You've seen these advertisements for "Sell your home in 90 days or

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Jennifer | Panama City Homes

The housing and condo markets have been quite busy this spring so far, which is a good sign for the economy and our local tourism trade.

Residential real estate (both condos and homes) continue to lead the recovery and demand as you can see (below) by the number of properties selling at higher prices than last year. Due to the high number of listings in the condo market, sellers need to price their homes either at, or slightly below market value to sell quickly.

Buyers are primarily looking for homes that are move-in-ready so a bit of extra work may be needed by sellers to move their properties quickly. Multiple offers exsist in circumstances where a property is well-priced and turnkey (move-in ready).

april-monthly-statistics

If you are interested in selling your

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From Realtor.org...

Nearly half the homes sold in March – 48.2 percent – were purchased by first-time buyers, according to a survey of more than 1,500 real estate practitioners by Campbell/Inside Mortgage Finance.

"Many observers had felt that the pool of first time home buyers had been depleted last fall," Thomas Popik, research director for Campbell Surveys, said in a statement. "Instead, the normal spring-summer buying season is combining with the tax credit to produce blow-out results for first-time home buyers."

Panama City Commercial Real Estate Market Is Looking Up


Despite the rising number of defaults, the commercial real estate market is improving.

Prices are up. Commercial real estate values have risen 6 percent in recent months, according to

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Panama City Real Estate Market Update - July 2009

While the numbers are not what they were last month, there is significant stabilization in the Panama City Real Estate market for July.

Condo sales were down slightly last month yet Single family home sales were up.

While condo prices dropped slightly, single family home prices remained relatively steady.

View the complete analysis and summary of the Panama City Real Estate Market for July.

How This Affects Panama City Home and Condos Sellers...

Panama City Beach Condo sellers who do not have to sell, will have a shorter wait time before placing their condos on the market.  We are still a few months away from condo prices increasing but we may see slight increases as we move into the

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The local Residential Panama City Florida Real Estate Market statistics and summaries for June, 2009 are now available for your convenience.

For the most part, the market continues to hold steady with slight increases and decreases in expected areas:

  • An increase in expired listings shows agents continue to take overpriced listings that will not sell in today's market.  Sellers must be educated when pricing their homes for sale.  It remains a buyers market and homes must be priced accordingly.
  • Condo sales decreased slightly in part due to short sales and foreclosures as well as low appraisal values.  The time-to-close factor plays a significant role in actual sales.  In addition, smartly market priced condos continue to sell well.
  • Single
2,047 Views, 5 Comments